
"funding Open Source"
That won't buy anyone a floating mega toy.
Oracle channel partners are gearing up for a mega software and shared services framework worth up to £750m over three years via the Foreign & Commonwealth Office. A Prior Information Notice was released last week and covers the upgrade of ERP platforms including business intelligence and enterprise data warehousing, as well as …
Oracle has been sued by Plexada System Integrators in Nigeria for alleged breach of contract and failure to pay millions of dollars said to be owed for assisting with a Lagos State Government IT contract.
Plexada is seeking almost $56 million in denied revenue, damages, and legal costs for work that occurred from 2015 through 2020.
A partner at Plexada, filed a statement with the Lagos State High Court describing the dispute. The document, provided to The Register, accuses Oracle of retaliating against Plexada and trying to ruin the firm's business for seeking to be paid.
Oracle has impressed the markets with strong revenue growth for cloud infrastructure and applications-as-a-service.
However, Oracle is still struggling to gain a larger share of the global cloud market, where it lags behind AWS, Microsoft Azure, and Google Cloud.
Big Red's total revenue for Q4, which ended May 31, hit $11.8 billion, up 5 per cent on the same period a year ago. Total cloud revenue, including infrastructure and software-as-a-service, reached $2.9 billion, up 19 percent. Cloud ERP Fusion revenue increased 20 percent while NetSuite ERP cloud revenue grew 27 per cent.
Oracle has slimmed down its on-prem fully managed cloud offer to a smaller datacenter footprint for a sixth of the budget.
Snappily dubbed OCI Dedicated Region Cloud@Customer, the service was launched in 2020 and promised to run a private cloud inside a customer's datacenter, or one run by a third party. Paid for "as-a-service," the concept promised customers the flexibility of moving workloads seamlessly between the on-prem system and Oracle's public cloud for a $6 million annual fee and a minimum commitment of three years.
Big Red has now slashed the fee for a scaled-down version of its on-prem cloud to $1 million a year for a minimum period of four years.
Hewlett Packard Enterprise must pay Oracle $30 million for copyright infringement after a jury found it guilty of providing customers with Solaris software updates without Big Red's permission.
The decision, which HPE may contest, is the culmination of a three-week trial in Oakland, California. However, the case was first raised years back when Oracle claimed HPE had offered illegal updates under a scheme devised by software support provider Terix, which settled its case in 2015 for almost $58 million.
In proceedings at the start of this week, Oracle’s lawyer, Christopher Yeates of Latham & Watkins LLP, pressed the eight-person jury to award his client $72 million for HPE using software not covered by a support contract, and for pinching clients, including Comcast.
Oracle has closed the acquisition of Cerner Corporation, a specialist in healthcare software, in a deal set to be worth $28.3 billion.
But as Larry Ellison, Oracle's chairman of the board and chief technology officer, is set to outline Oracle's strategy for its acquisition's role in healthcare in the coming days, Cerner customers are being warned to expect some surprises in renegotiating their contracts.
Last month, Cerner said it secured 331 new, expanded and extended client contracts in first quarter, including Ohio-based Blanchard Valley Health System and Virginia-based Mountain Health Network.
The world's governments are eager to let someone else handle their IT headaches, according to a recent Gartner report, which found a healthy appetite for "anything-as-a-service" (XaaS) platforms to cut the costs of bureaucracy.
These trends will push government IT spending to $565 billion in 2022, up 5 percent from last year, the analyst house claims. Gartner believes the majority of new government IT investments will be on service platforms by 2026.
"The pandemic sped up public-sector adoption of cloud solutions and the XaaS model for accelerated legacy modernization and new service implementations," Gartner analyst Daniel Snyder said in a release. "Fifty-four percent of government CIOs responding to the 2022 Gartner CIO survey indicated that they expect to allocate additional funding to cloud platforms in 2022, while 35 percent will decrease investments in legacy infrastructure and datacenter technologies."
A decentralized autonomous organization (DAO) called Inverse Finance has been robbed of cryptocurrency somehow exchangeable for $1.2 million, just two months after being taken for $15.6 million.
"Inverse Finance’s Frontier money market was subject to an oracle price manipulation incident that resulted in a net loss of $5.83 million in DOLA with the attacker earning a total of $1.2 million," the organization said on Thursday in a post attributed to its Head of Growth "Patb."
And Inverse Finance would like its funds back. Enumerating the steps the DAO intends to take in response to the incident, Patb said, "First, we encourage the person(s) behind this incident to return the funds to the Inverse Finance DAO in return for a generous bounty."
Oracle is planning to build a national database of individuals' health records for the whole United States following its $28.3 billion acquisition of electronic health records specialist Cerner.
In a presentation, CTO and founder Larry Ellison said electronic health records for individual patients were stored by hospitals and physicians, and not replicated or shared between providers.
"We're going to solve this problem by putting a unified national health records database on top of all of these thousands of separate hospital databases," Ellison said.
American lawmakers held a hearing on Tuesday to discuss a proposed federal information privacy bill that many want yet few believe will be approved in its current form.
The hearing, dubbed "Protecting America's Consumers: Bipartisan Legislation to Strengthen Data Privacy and Security," was overseen by the House Subcommittee on Consumer Protection and Commerce of the Committee on Energy and Commerce.
Therein, legislators and various concerned parties opined on the American Data Privacy and Protection Act (ADPPA) [PDF], proposed by Senator Roger Wicker (R-MS) and Representatives Frank Pallone (D-NJ) and Cathy McMorris Rodgers (R-WA).
The two US senators behind a proposed law to bring order to cryptocurrency finance have published their legislation to Microsoft's GitHub to obtain input from the unruly public.
The bill, known as the Responsible Financial Innovation Act, was introduced by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) on June 7 to create a regulatory framework governing digital assets, cryptocurrencies, and blockchain technology.
It has been welcomed by the Stellar Development Foundation and cryptocurrency trade group the Chamber of Digital Commerce, a sign that the legislation doesn't ask much of those it would regulate.
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